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    Export: Customs set to facilitate more trade through AfCFTA, AGOA says Adeniyi

    Trade Matters: Customs Service tackles malpractices in bonded warehouses

    Customs, NAFDAC inaugurates Implementation Committee of signed 2024 MoU

    Customs, NAFDAC inaugurates Implementation Committee of signed 2024 MoU

    Nigeria Customs intercepts container laden with over 10,000 Donkey genitals

    Nigeria Customs intercepts container laden with over 10,000 Donkey genitals

    Customs hosts Igbinedion University students on educational excursion

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        Export: Customs set to facilitate more trade through AfCFTA, AGOA says Adeniyi

        Trade Matters: Customs Service tackles malpractices in bonded warehouses

        Customs, NAFDAC inaugurates Implementation Committee of signed 2024 MoU

        Customs, NAFDAC inaugurates Implementation Committee of signed 2024 MoU

        Nigeria Customs intercepts container laden with over 10,000 Donkey genitals

        Nigeria Customs intercepts container laden with over 10,000 Donkey genitals

        Customs hosts Igbinedion University students on educational excursion

        Customs hosts Igbinedion University students on educational excursion

        NDLEA Edo State Commander advocates entrepreneurship to combat cultism and drug abuse

        NDLEA Edo State Commander advocates entrepreneurship to combat cultism and drug abuse

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        TICT advances lean journey agenda with Green Belt training

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        Export: Customs set to facilitate more trade through AfCFTA, AGOA says Adeniyi

        Trade Matters: Customs Service tackles malpractices in bonded warehouses

        Customs, NAFDAC inaugurates Implementation Committee of signed 2024 MoU

        Customs, NAFDAC inaugurates Implementation Committee of signed 2024 MoU

        Nigeria Customs intercepts container laden with over 10,000 Donkey genitals

        Nigeria Customs intercepts container laden with over 10,000 Donkey genitals

        Customs hosts Igbinedion University students on educational excursion

        Customs hosts Igbinedion University students on educational excursion

        NDLEA Edo State Commander advocates entrepreneurship to combat cultism and drug abuse

        NDLEA Edo State Commander advocates entrepreneurship to combat cultism and drug abuse

        In line with Oyetola’s directive, NIMASA pledges CVFF disbursement by August

        Oyetola Begins ‘door-to-door’ diplomacy for Nigeria’s IMO Council campaign

        NDLEA Edo State Command intercepts 53,520.80 kg of drugs

        NDLEA Edo State Command arrests 37, recovers 345.421 kg of drugs

        Afolabi calls for port infrastructural renewal at maritime conference

        Afolabi calls for port infrastructural renewal at maritime conference

        NIMASA Dock Deep Blue Vessel at Nigerdock – DG NIMASA

        NIMASA Dock Deep Blue Vessel at Nigerdock – DG NIMASA

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          Afolabi calls for port infrastructural renewal at maritime conference

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          NIMASA Dock Deep Blue Vessel at Nigerdock – DG NIMASA

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          Photo News: Eastern Naval Command holds Church service marking Navy’s 69th Anniversary

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          Export: Customs set to facilitate more trade through AfCFTA, AGOA says Adeniyi

          Trade Matters: Customs Service tackles malpractices in bonded warehouses

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          LADOL MD advocates complete local content to grow, sustain Africa free market

          H.O, by H.O,
          June 4, 2020
          in Uncategorized
          0
          LADOL MD advocates complete local content to grow, sustain Africa free market

          Dr. Amy Jadesimi, Managing Director of LADOL

          Share this
          MD LADOL, Dr. Amy JAdesimi, 

          Africa must insist on real local
          content adherence to drive the African Continental Free Trade Agreement (AfCFTA);
          the products and services being traded in the Africa Free Market have to be
          primarily if not entirely home engineered and manufactured, the Managing
          Director of Lagos Deep Offshore Logistic Base (LADOL) Dr. Amy Jadesimi, has
          shared.

          She said: “International
          companies can start engineering and manufacturing in Africa now, not only
          because they will get access to all 1.5 billion Africans, but also because
          there are local and public sector companies and facilities through which they
          can set-up and operate locally.


          “Special Economic Zones in
          Nigeria, such as LADOL and the many Zones being rolled out in countries such as
          Ethiopia, Kenya and Rwanda are examples of how easy it is for companies to
          decrease their costs and increase their revenues by operating in such Free
          Zones.”

          Dr. Jadesimi made the expression
          at the Organisation for Economic Cooperation and Development (OECD) Africa Forum, where she also said that the operations of LADOL had
          proven the efficacy of the United Nations Sustainable Development Goals(SDGs)
          as a as a framework for the development of new economy businesses and for
          maximising local content in low income high growth countries.

          She said that countries like
          Nigeria are full of untapped, easily addressable business opportunities, where
          new economy businesses could create new low cost, high return businesses
          through innovation and value -added solutions for the local market.

          She noted that the companies of
          the future and those that would be the most profitable companies are those that
          are sustainable, while companies that fail to embrace sustainability may soon
          become nonviable.

          She cautioned that the road to
          sustainably industrialise Africa would be a long one, but that it would
          inevitably lead to peace and prosperity for the continent and the world.

          She added that “The first step is
          great international support from governments and investors for indigenous
          private companies across the continent – because these are the companies that
          will create the jobs.

          “Over time organisations such as
          LADOL, which may start out supporting commodity -focused industries will
          diversify and expand, becoming increasingly sustainable until we reach net
          zero.”

          Dr. Amy also urged Western
          countries to better regulate the actions of their companies and institutions in
          Africa – where many multinationals have been proven to instigate, promote and
          participate in practices that cause harm to the economies and the citizens in
          countries across Africa.

           “In as much as we recognise that the
          regulatory environment across Africa needs to improve, we should not continue
          to have conversations about regulation in Africa unless we also discuss how
          wealthier countries can better use their own laws and regulations to police the
          activities of their companies and representatives in Africa,” she said.

           In addition, she reiterated that financial
          regulation is long overdue stating that “we know that there are trillions of
          dollars currently invested in negative or low yielding assets in only ten
          financial markets across the world.

          “The world needs new financial
          regulations, which encourage investment into real businesses over long-time
          horizons and discourages unstable, short-term wealth creation through trading
          and complex financial instruments that no longer relate to the real performance
          of the underlying companies or assets. 

          “Such a regulatory framework would drive
          investment to Africa – which has both the youngest and the most locally
          underserved population, with vast untapped opportunities to create new products
          and solutions for the local market in the local market.”

          Dr Amy hopes to see the
          development of a “sustainability credit” rating – that will be universally
          accepted and give investors the ability to invest in sustainable market driven
          business models.

          This according to her will
          channel funding into new companies with the potential to transform Africa, but
          which could never meet today’s definitions of “bankability” as applied in
          Africa.

          “This is critically important as
          none of the largest companies in the world today would exist if they had had to
          fund their companies from inception based on the draconian pre-conditions and
          high hurdles which African companies are being forced to adhere to and scale.”

          Tags: AfCFTAAfrican MarketsIndustrailisationLADOLmaritimeNewsspotlight
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